Raiffeisen Schweiz has announced its strategic alliance with SIX Digital Exchange (SDX), a trailblazing platform licensed by the Swiss Financial Market Supervisory Authority (FINMA). By becoming a member of SDX, Raiffeisen Schweiz positions itself at the forefront of the digital asset revolution, underlining its commitment to pioneering native digital financial products.
Revolutionizing Digital Finance with SDX’s Comprehensive Blockchain Platform
SDX’s groundbreaking approach involves leveraging distributed ledger technology (DLT) to operate a stock exchange and Central Securities Depository (CSD). This move aligns seamlessly with Raiffeisen Schweiz’s vision to issue native digital products. SDX’s blockchain-based platform offers an end-to-end solution for issuing, trading, settling, and custody of digital securities.
One of SDX’s key features is its “atomic settlement,” a unique capability that synchronizes trade execution, securities transfer, and payment. This synchronization effectively eliminates counterparty risks for clients, providing a secure and efficient environment for digital asset transactions. Moreover, SDX’s integration with SIS (SIX CSD) ensures seamless access for institutional clients, bridging the gap between digital and traditional financial infrastructures.
Raiffeisen Schweiz’s move to join SDX marks a significant stride in the integration of traditional banking with the cutting-edge capabilities of blockchain technology. This partnership not only places Raiffeisen Schweiz at the forefront of digital finance but also signifies a broader industry shift toward embracing the future of secure, transparent, and efficient financial transactions.
Applications for membership and participation in SDX are open, reflecting the growing interest and momentum in the convergence of traditional finance with the innovative possibilities presented by distributed ledger technology.
“By joining the SDX ecosystem, Raiffeisen Switzerland increases its footprint and experience in digital assets with the aim of actively contributing to the development of the digital assets industry and product landscape”, says Werner Leuthard, Head of Trading at Raiffeisen Switzerland.
“SDX is proud to have built a solid and secure foundation for a global liquidity network for digital assets. And Raiffeisen Schweiz’s memberships in our CSD and stock exchange reflects our mutual commitment to embracing the transformative power of blockchain technology and advancing the Digital Asset landscape in Switzerland and beyond,” adds David Newns, Head of SIX Digital Exchange.
To know more about other trending usecases in the US financial services industry, like Generative AI, Open Banking, Buy Now Pay Later (BNPL), explore our other insights.
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